Canada adds 64,000 jobs in September, wages continue to drive higher

Canada added 64,000 jobs in September, Statistics Canada reported on Friday, while the unemployment rate remaining steady at 5.5 per cent.

The increase was more than triple what was expected. Analysts polled by Reuters had forecast a gain of 20,000 jobs, and for the unemployment rate to edge up to 5.6 per cent from 5.5 per cent in August. The jobs report comes at a crucial time for markets as investors look for signs of cooling economic data amid concerns of higher for longer rates.Canada's economy added a net 63,800 jobs in September, more than tripling expectations, while the jobless rate stayed at 5.5%, Statistics Canada data showed on Friday. Analysts polled by Reuters had forecast a net gain of 20,000 jobs and for the unemployment rate to edge up to 5.6% from 5.5% in August.

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Statistics Canada to release September jobs data this morningOTTAWA — Canadians will get an updated picture of the jobs market when Statistics Canada releases its Labour Force Survey for September later this morning. The jobs market surprised to the upside in August as employers added 40,000 positions in the month, double the consensus expectation among economists. The jobless held steady at 5.5 per cent, ending a three-month streak of rising unemployment. While the labour market has been surprisingly resilient despite higher interest rates, cracks have b
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Statistics Canada to release September jobs data this morningOTTAWA — Canadians will get an updated picture of the jobs market when Statistics Canada releases its Labour Force Survey for September later this morning.
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